StudentShare solutions
Triangle menu

Hypercompetition - Essay Example

Not dowloaded yet

Extract of sample
Hypercompetition

Creating and protecting a market position is beneficial if the competition is sparse, or the firm has a unique product that gives them supplier power. However, if a profit is being made on the product, it will attract competitors and innovators will find substitute products (Sull & Escobari 2004 p.15). It may take substantial resources through advertising and customer service to maintain a position in a fluid market (Day & Reibstein 1997 p.52). It may be easier to create a new opportunity than it is to protect an old position. However, new opportunities require resources.
Amassing resources can be a definite advantage. However, the value of these resources may erode if other firms can easily acquire them (Day & Reibstein 1997 p.312). A firm needs to evaluate all its resources. Garelli (2006) states, "Competitiveness thrives increasingly on intangible assets that are difficult to value, to account for, to create, and to recover" (p.4). Firms can maximise their competitive edge by utilising their intangible assets as well as they can any other raw material. These resources may be easier to protect than a superior market position. However, in today's hypercompetitive market competitors are quick to take your intangibles such as innovations, employees, and market share.
The ...Show more

Summary

Perfect competition and sustainable profits may have gone the way of the horse drawn carriage. A reduction in barriers, new technology, and innovation has brought about fierce fighting for a select market share. It now requires a "continual, radical innovation" to maintain a competitive advantage (New rules 2002)…
Author : aiden34
Hypercompetition essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Hypercompetition"
with a personal 20% discount.
Grab the best paper

Related Essays

How firms gain competitive advantage in the changing business dynamics
The essay focuses on the needs of the firms that can give them sustainable performance and market edge. In the highly competitive market, firms need to leverage their competencies for competitive advantage. The various modules and mechanisms of evaluating and analyzing the performance metrics become highly critical factors for success of the firm.
13 pages (3250 words) Essay
Strategic thought and its practice
This study will help to understand the main conditions that have been identified as conditions of strategic thought and practice amongst firms are institutional dynamics, industry conditions, employee unity or disunity, and broader social conditions and political dynamics. These conditions provide the basis for strategic decision-making.
8 pages (2000 words) Essay
Business Strategies: In the Light of Theories and Instances
In today’s contemporary business environment, strategy has been one of the significant attributes to define the success of any organisation. However, there has been a considerable debate on the appropriate strategy framework of an organisation. For an instance, a strategy which seems to be proper and successful for any retail organisation may not be so successful for any manufacturing unit.
8 pages (2000 words) Essay
British Petroleum Essay
This comes on the heels of a class action lawsuit against Ahold, a Dutch supermarket group, which involved management's overstatement of company performance. These actions are acts of social irresponsibility. The cost goes beyond the 500 million cost that the Ahold suit was settled for.
4 pages (1000 words) Essay
Strategic Management College Essay
Hypercompetition can be examined using Porter's Five Forces model. This framework takes into account five factors which shape the strategies of a firm namely, supplier power, barriers to entry, threat of substitutes, buyer power and intensity of rivalry. In a hypercompetitive industry, what is apparent is the high bargaining leverage of buyers.
5 pages (1250 words) Essay
Business Challenges in the 20th Century
These risks are often reflected in the PESTLE analysis which looks at all the significant aspects in the firms' business environment specifically political, economic, social, technological, legal, and environmental. These challenges are often classified as threats or ca n also be categorized as opportunities.
5 pages (1250 words) Essay
The senior management of your organization is of the opinion that there should be social responsibility of managers. What do you understand by this, and how sho
This comes on the heels of a class action lawsuit against Ahold, a Dutch supermarket group, which involved management’s overstatement of company performance. These actions are acts of social irresponsibility. The cost goes beyond
4 pages (1000 words) Essay
HR Final
a) What are four (4) “trends” or challenges facing many organizations today that you could include in your proposal to persuade the president that a new training program is crucial? Identify and explain in detail each of
10 pages (2500 words) Essay
Strategic Analysis on Industry
PESTEL analysis evaluates the factors that prevail in the environment while on the other hand Porter’s Model examines the characteristics of the industry. Both analyses would then formulate potential opportunities and threats for
6 pages (1500 words) Essay
Spotify TM
It gives details on how Spotify uses information system in enhancing its competitive nature in the ever-changing information needs of the current world. The report bases its arguments on research information from various sources. Moreover, the report
8 pages (2000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT